The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AFFILIATED MANAGERS GROUP COM 008252108 4,522 27,265 SH   SOLE   27,265 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 3,165 84,380 SH   SOLE   84,380 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 2,644 143,700 SH   SOLE   143,700 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 5,462 87,360 SH   SOLE   87,360 0 0
APPLE INC COM 037833100 261 1,810 SH   SOLE   1,810 0 0
ARDMORE SHIPPING CORP COM Y0207T100 4,539 556,893 SH   SOLE   556,893 0 0
ARRIS INTL INC SHS G0551A103 6,166 220,065 SH   SOLE   220,065 0 0
B & G FOODS INC NEW COM 05508R106 2,905 81,610 SH   SOLE   81,610 0 0
BABCOCK & WILCOX ENTERPRIS I COM 05614L100 2,769 235,429 SH   SOLE   235,429 0 0
BLUE BIRD CORP COM 095306106 6,453 379,560 SH   SOLE   379,560 0 0
CALPINE CORP COM NEW 131347304 4,415 326,290 SH   SOLE   326,290 0 0
CHEVRON CORP NEW COM 166764100 305 2,927 SH   SOLE   2,927 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 2,620 132,810 SH   SOLE   132,810 0 0
CIGNA CORPORATION COM 125509109 345 2,060 SH   SOLE   2,060 0 0
CINCINNATI BELL INC NEW COM NEW 171871502 4,998 255,630 SH   SOLE   255,630 0 0
CITIGROUP INC COM NEW 172967424 5,061 75,680 SH   SOLE   75,680 0 0
CROWN HOLDINGS INC COM 228368106 283 4,750 SH   SOLE   4,750 0 0
CSX CORP COM 126408103 563 10,320 SH   SOLE   10,320 0 0
EASTMAN CHEM CO COM 277432100 290 3,450 SH   SOLE   3,450 0 0
ERA GROUP INC COM 26885G109 752 79,490 SH   SOLE   79,490 0 0
EXPRESS INC COM 30219E103 2,018 298,920 SH   SOLE   298,920 0 0
FERROGLOBE PLC SHS G33856108 2,218 185,600 SH   SOLE   185,600 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 5,074 113,190 SH   SOLE   113,190 0 0
FLUOR CORP NEW COM 343412102 220 4,810 SH   SOLE   4,810 0 0
GENERAL COMMUNICATION INC CL A 369385109 8,660 236,350 SH   SOLE   236,350 0 0
GENERAL MTRS CO COM 37045V100 6,710 192,090 SH   SOLE   192,090 0 0
GILEAD SCIENCES INC COM 375558103 4,678 66,090 SH   SOLE   66,090 0 0
INGERSOLL-RAND PLC SHS G47791101 347 3,800 SH   SOLE   3,800 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 291 1,890 SH   SOLE   1,890 0 0
KLX INC COM 482539103 2,858 57,155 SH   SOLE   57,155 0 0
KULICKE & SOFFA INDS INC COM 501242101 3,785 198,976 SH   SOLE   198,976 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 5,163 33,498 SH   SOLE   33,498 0 0
LEUCADIA NATL CORP COM 527288104 6,589 251,860 SH   SOLE   251,860 0 0
M/I HOMES INC COM 55305B101 4,744 166,174 SH   SOLE   166,174 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 304 6,780 SH   SOLE   6,780 0 0
MCKESSON CORP COM 58155Q103 5,366 32,610 SH   SOLE   32,610 0 0
NRG ENERGY INC COM NEW 629377508 525 30,510 SH   SOLE   30,510 0 0
OWENS ILL INC COM NEW 690768403 4,872 203,671 SH   SOLE   203,671 0 0
PERRIGO CO PLC SHS G97822103 4,849 64,210 SH   SOLE   64,210 0 0
PHILIP MORRIS INTL INC COM 718172109 233 1,980 SH   SOLE   1,980 0 0
QUANTUM CORP COM NEW 747906501 2,875 368,167 SH   SOLE   368,167 0 0
TEXTRON INC COM 883203101 644 13,670 SH   SOLE   13,670 0 0
VOYA FINL INC COM 929089100 5,235 141,920 SH   SOLE   141,920 0 0
XL GROUP LTD COM G98294104 3,979 90,840 SH   SOLE   90,840 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 704 31,870 SH   SOLE   31,870 0 0